#MarketswithMC | Opening Bell 🔔 #Sensex opens in the green, #Nifty above 11,500; M&M, Bharti Airtel gain#stockmarket #stockstowatch LIVE: https://t.co/xi0886ZOIp pic.twitter.com/8P03dgE30F
— moneycontrol (@moneycontrolcom) September 16, 2020
Market opens: Sensex is up 60.88 points or 0.16 percent at 39105.23, and the Nifty gained 18.10 points or 0.16 percent at 11539.90. Mahindra & Mahindra, Bajaj Auto, Titan Company, Tata Motors and Bharti Airtel are the top gainers while Reliance Industries, Aurobindo Pharma and IndusInd Bank are the most active stocks.
Among the sectors, auto along with the pharma index added half a percent each while the midcap and small indices are also trading in the green.
ICICIdirect on market outlook: Nifty consolidated with 11,500 acting as a midpoint. Buying in banking and pharma led the index to end positive with a decent gain of 80 points. On the option front, additions were seen in ATM Call and Put strike. We feel a consolidation move will take place before crossing the 11,600 hurdle. Nifty futures ended at a premium of 5 points while IV fell by 3%. The major Put base is at 11400 strike with almost 25 lakh shares while the major Call base is at the 11700 strike with almost 26 lakh shares.
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Bank Nifty managed to hold the Put base of 22,000 and reversed during the day. Axis Bank, Kotak Mahindra Bank and IndusInd Bank witnessed short covering, which helped the Bank Nifty to close above 22,500 with a gain of 1.8 percent. Bank Nifty is well placed to test its Call base of 23,000 with immediate support level of 22,000.
Stocks in the news | Infosys, BSE, Max India, REC, Shilpa Medicare, Aurobindo Pharma, Hexaware Technologies
SpiceJet, Patel Integrated Logistics, Uflex, Power Mech Projects, Radico Khaitan, Jain Irrigation Systems, Ashapura Minechem, Trident, Max India, Sterlite Technologies, ITD Cementation India, Prime…
Indian ADRs ended in the green on September 15
Hot Stocks | India Cements, CESC and Jyothy Labs can give 10-15% return in short term
Markets may remain volatile in the coming week and traders should keep stock-specific action on the radar.
Oil price update: Oil prices rose on Wednesday, extending gains from the previous session, as a hurricane disrupted U.S. offshore oil and gas production and an industry report showed a big drop in U.S. crude stockpiles. Brent crude was trading up 15 cents, or 0.4%, at $40.68 a barrel by 0055 GMT, while U.S. crude gained 18 cents, or 0.5%, to $38.46 a barrel. Both contracts rose by more than 2% on Tuesday.
What changed for the market while you were sleeping? Top 10 things to know
Trends on SGX Nifty indicate a flat opening for the index in India with a 19 points loss.
SGX Nifty: Trends on SGX Nifty indicate a flat opening for the index in India with a 19 points loss. The Nifty futures were trading at 11,512 on the Singaporean Exchange.
